4//SEC Filing
Maples Charles Ivan 4
Accession 0001209191-09-038055
CIK 0000853273other
Filed
Jul 28, 8:00 PM ET
Accepted
Jul 29, 4:40 PM ET
Size
11.3 KB
Accession
0001209191-09-038055
Insider Transaction Report
Form 4
Maples Charles Ivan
SVP-Research and Development
Transactions
- Disposition to Issuer
Stock Option (Right to buy Common Stock)
2009-07-27$1.08/sh−150,000$162,000→ 0 totalExercise: $0.42Exp: 2019-02-27→ Common Stock (150,000 underlying) - Disposition to Issuer
Stock Option (Right to buy Common Stock)
2009-07-27$0.08/sh−6,706$530→ 0 totalExercise: $1.42Exp: 2018-05-30→ Common Stock (6,706 underlying) - Disposition to Issuer
Common Stock
2009-07-27−5,411→ 0 total
Footnotes (3)
- [F1]Cancelled pursuant to an Agreement and Plan of Merger between the issuer, Micro Focus (US), Inc., Micro Focus International plc and Bentley Merger Sub, Inc. dated May 5, 2009, as amended (the "Merger Agreement") in exchange for a cash payment of $8,116.50, calculated based on the merger consideration of $1.50 per share, less any applicable withholdings.
- [F2]This option provided for vesting as follows: 25% of the option shares would have become exercisable on February 27, 2010 and 1/48th of the shares would have vested each month thereafter. The option accelerated in full as a result of the merger under the Merger Agreement and was cancelled in exchange for a cash payment of $162,000, representing the difference between the exercise price of the option of $0.42 per share and the consideration of $1.50 per share pursuant to the Merger Agreement.
- [F3]This option provided for vesting as follows: 25% of the option shares became exercisable on May 30, 2009 and 1/48th of the shares vested or would have vested each month thereafter. The option was cancelled as a result of the merger and the vested shares under this option as of the closing date of the merger, were exchanged for a cash payment of $529.77, representing the difference between the exercise price of the option of $1.421 per share and the consideration of $1.50 per share pursuant to the Merger Agreement.
Documents
Issuer
BORLAND SOFTWARE CORP
CIK 0000853273
Entity typeother
Related Parties
1- filerCIK 0001456401
Filing Metadata
- Form type
- 4
- Filed
- Jul 28, 8:00 PM ET
- Accepted
- Jul 29, 4:40 PM ET
- Size
- 11.3 KB